There seem to be more cases where some firms are holding their suppliers to ransom and demanding ever increasing time periods for payment of goods received from suppliers.
One food store wants 120 days as standard and wants 3% discount if paying within 90 days !
Many smaller and medium sized suppliers are being affected by this sort of thing, and also pay the other party a supplier fee to have the contract for supplying them.
Are there any of you out there who have been cajoled in onerous terms where you supply your goods, eg to a wholesaler or retailer ?
Also, you may wish to see the info published by the Government on late payment regulations for commercial businesses. Note these are not relevant when your individual customer is late is paying, it is relevant to supply chain contracts and similar.
It shows the compensation and interest you are entitled to under the law for commercial debts.
If your customer is late in paying something you have supplied, you have English standard contract law to apply, and ultimately writing threatening letters, and the small claims court.